AVLC vs. QLD ETF Comparison

Comparison of Avantis U.S. Large Cap Equity ETF (AVLC) to ProShares Ultra QQQ (QLD)

AVLC

Avantis U.S. Large Cap Equity ETF

AVLC Description

The fund invests primarily in a diverse group of U.S. companies across market sectors and industry groups. The fund seeks securities of companies that it expects to have higher returns by placing an enhanced emphasis on securities of companies with higher profitability and value characteristics. Conversely, the fund seeks to underweight or exclude securities it expects to have lower returns, such as securities of companies with lower levels of profitability and less attractive value characteristics

Grade (RS Rating)

Last Trade

$69.74

Average Daily Volume

19,482

Number of Holdings ^*

976

* may have additional holdings in another (foreign) market

QLD

ProShares Ultra QQQ

QLD Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the NASDAQ-100 Index®. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times (2x) the daily return of the index. The index, a modified market capitalization-weighted index, includes 100 of the largest non-financial domestic and international issues listed on the NASDAQ Stock Market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$106.72

Average Daily Volume

2,632,901

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	AVLC	QLD
30 Days	4.71%	6.38%
60 Days	6.29%	8.03%
90 Days	7.72%	8.70%
12 Months	33.08%	54.59%

97 Overlapping Holdings

Symbol	Grade	Weight in AVLC	Weight in QLD	Overlap
AAPL	C	5.24%	6.06%	5.24%
ABNB	C	0.07%	0.27%	0.07%
ADBE	C	0.33%	1.08%	0.33%
ADI	D	0.15%	0.48%	0.15%
ADP	B	0.36%	0.57%	0.36%
ADSK	A	0.09%	0.31%	0.09%
AEP	D	0.14%	0.23%	0.14%
AMAT	F	0.36%	0.69%	0.36%
AMD	F	0.31%	1.03%	0.31%
AMGN	D	0.19%	0.74%	0.19%
AMZN	C	3.03%	3.98%	3.03%
ANSS	B	0.04%	0.14%	0.04%
AVGO	D	1.11%	3.68%	1.11%
AZN	D	0.02%	0.17%	0.02%
BIIB	F	0.03%	0.11%	0.03%
BKNG	A	0.13%	0.77%	0.13%
BKR	B	0.18%	0.2%	0.18%
CDNS	B	0.12%	0.38%	0.12%
CDW	F	0.05%	0.11%	0.05%
CEG	D	0.11%	0.32%	0.11%
CHTR	C	0.05%	0.27%	0.05%
CMCSA	B	0.38%	0.78%	0.38%
COST	B	0.94%	1.89%	0.94%
CPRT	A	0.1%	0.26%	0.1%
CRWD	B	0.11%	0.37%	0.11%
CSCO	B	0.3%	1.09%	0.3%
CSGP	D	0.04%	0.14%	0.04%
CSX	B	0.26%	0.32%	0.26%
CTAS	B	0.12%	0.41%	0.12%
CTSH	B	0.13%	0.19%	0.13%
DASH	A	0.06%	0.31%	0.06%
DDOG	A	0.05%	0.18%	0.05%
DLTR	F	0.07%	0.06%	0.06%
DXCM	D	0.05%	0.13%	0.05%
EA	A	0.06%	0.2%	0.06%
EXC	C	0.1%	0.17%	0.1%
FANG	D	0.17%	0.25%	0.17%
FAST	B	0.2%	0.22%	0.2%
FTNT	C	0.23%	0.34%	0.23%
GEHC	F	0.03%	0.18%	0.03%
GFS	C	0.01%	0.11%	0.01%
GILD	C	0.35%	0.53%	0.35%
GOOG	C	1.3%	1.79%	1.3%
GOOGL	C	1.57%	1.86%	1.57%
HON	B	0.15%	0.69%	0.15%
IDXX	F	0.11%	0.16%	0.11%
ILMN	D	0.04%	0.11%	0.04%
INTC	D	0.16%	0.49%	0.16%
INTU	C	0.27%	0.9%	0.27%
ISRG	A	0.18%	0.87%	0.18%
KDP	D	0.05%	0.21%	0.05%
KHC	F	0.05%	0.18%	0.05%
KLAC	D	0.21%	0.4%	0.21%
LIN	D	0.21%	1.0%	0.21%
LRCX	F	0.34%	0.44%	0.34%
LULU	C	0.15%	0.18%	0.15%
MAR	B	0.05%	0.37%	0.05%
MCHP	D	0.05%	0.16%	0.05%
MDB	C	0.03%	0.1%	0.03%
MDLZ	F	0.09%	0.4%	0.09%
MELI	D	0.39%	0.45%	0.39%
META	D	2.26%	3.57%	2.26%
MNST	C	0.03%	0.25%	0.03%
MRNA	F	0.03%	0.07%	0.03%
MRVL	B	0.11%	0.36%	0.11%
MSFT	F	4.39%	5.6%	4.39%
MU	D	0.17%	0.51%	0.17%
NFLX	A	0.48%	1.63%	0.48%
NVDA	C	4.82%	6.35%	4.82%
NXPI	D	0.08%	0.26%	0.08%
ODFL	B	0.14%	0.22%	0.14%
ON	D	0.12%	0.13%	0.12%
ORLY	B	0.07%	0.33%	0.07%
PANW	C	0.19%	0.6%	0.19%
PAYX	C	0.17%	0.24%	0.17%
PCAR	B	0.25%	0.28%	0.25%
PEP	F	0.27%	1.04%	0.27%
PYPL	B	0.32%	0.41%	0.32%
QCOM	F	0.48%	0.82%	0.48%
REGN	F	0.14%	0.4%	0.14%
ROP	B	0.09%	0.28%	0.09%
ROST	C	0.21%	0.21%	0.21%
SBUX	A	0.09%	0.52%	0.09%
SMCI	F	0.01%	0.05%	0.01%
SNPS	B	0.12%	0.39%	0.12%
TEAM	A	0.05%	0.19%	0.05%
TMUS	B	0.31%	1.29%	0.31%
TSLA	B	0.78%	2.83%	0.78%
TTD	B	0.05%	0.26%	0.05%
TTWO	A	0.03%	0.15%	0.03%
TXN	C	0.26%	0.86%	0.26%
VRSK	A	0.12%	0.19%	0.12%
VRTX	F	0.25%	0.58%	0.25%
WBD	C	0.03%	0.11%	0.03%
WDAY	B	0.08%	0.27%	0.08%
XEL	A	0.11%	0.18%	0.11%
ZS	C	0.03%	0.15%	0.03%

AVLC Overweight 879 Positions Relative to QLD

Symbol	Grade	Weight
JPM	A	1.19%
XOM	B	1.04%
LLY	F	0.79%
BRK.A	B	0.67%
MA	C	0.66%
CVX	A	0.64%
WMT	A	0.64%
V	A	0.59%
HD	A	0.58%
JNJ	D	0.58%
WFC	A	0.55%
CAT	B	0.52%
UNP	C	0.47%
PGR	A	0.46%
VZ	C	0.45%
GS	A	0.44%
CRM	B	0.44%
TJX	A	0.44%
T	A	0.42%
BAC	A	0.42%
ORCL	B	0.42%
KO	D	0.4%
AXP	A	0.4%
PG	A	0.39%
COP	C	0.38%
ABBV	D	0.38%
UNH	C	0.36%
MS	A	0.35%
MRK	F	0.32%
ACN	C	0.32%
GM	B	0.31%
NOW	A	0.3%
EOG	A	0.3%
DE	A	0.3%
WMB	A	0.29%
TGT	F	0.29%
RCL	A	0.28%
TRGP	B	0.27%
IBM	C	0.27%
FDX	B	0.26%
TRV	B	0.26%
AMP	A	0.26%
C	A	0.23%
LMT	D	0.23%
MSI	B	0.23%
COF	B	0.23%
GWW	B	0.23%
USB	A	0.23%
LNG	B	0.23%
DAL	C	0.23%
CMG	B	0.23%
APD	A	0.22%
NSC	B	0.22%
CB	C	0.22%
PNC	B	0.22%
MPC	D	0.22%
CMI	A	0.21%
SCHW	B	0.21%
ALL	A	0.2%
GE	D	0.2%
ABT	B	0.2%
ZTS	D	0.2%
F	C	0.2%
URI	B	0.2%
OKE	A	0.2%
MET	A	0.2%
KR	B	0.2%
AIG	B	0.2%
MMM	D	0.19%
TFC	A	0.19%
UPS	C	0.19%
HIG	B	0.19%
HES	B	0.19%
AFL	B	0.19%
UAL	A	0.19%
PSX	C	0.19%
PLTR	B	0.18%
CL	D	0.18%
BK	A	0.18%
PM	B	0.18%
DIS	B	0.18%
PRU	A	0.18%
BMY	B	0.18%
FCX	D	0.18%
BLK	C	0.18%
VLO	C	0.17%
TSCO	D	0.17%
NKE	D	0.17%
LEN	D	0.17%
NUE	C	0.16%
MCD	D	0.16%
DUK	C	0.16%
DECK	A	0.16%
APP	B	0.16%
RTX	C	0.16%
APO	B	0.16%
ACGL	D	0.15%
OXY	D	0.15%
TMO	F	0.15%
PFE	D	0.15%
SYF	B	0.15%
KKR	A	0.15%
ANET	C	0.15%
FITB	A	0.14%
DOW	F	0.14%
SHW	A	0.14%
DVN	F	0.14%
TT	A	0.14%
MLM	B	0.14%
ETN	A	0.14%
KMB	D	0.14%
EBAY	D	0.14%
EME	C	0.14%
WM	A	0.13%
SO	D	0.13%
IP	B	0.13%
VRT	B	0.13%
CCL	B	0.13%
DHR	F	0.13%
HAL	C	0.13%
VST	B	0.13%
CSL	C	0.13%
ELV	F	0.13%
TPL	A	0.13%
PCG	A	0.13%
GEV	B	0.13%
SYK	C	0.12%
BBY	D	0.12%
MTB	A	0.12%
MDT	D	0.12%
CME	A	0.12%
ETR	B	0.12%
SFM	A	0.12%
FCNCA	A	0.12%
PHM	D	0.12%
DHI	D	0.12%
MKL	A	0.12%
CPNG	D	0.12%
LOW	D	0.12%
STLD	B	0.12%
PKG	A	0.12%
ITW	B	0.12%
BSX	B	0.12%
APH	A	0.12%
HBAN	A	0.11%
ULTA	F	0.11%
BX	A	0.11%
NTRS	A	0.11%
OC	A	0.11%
ADM	D	0.11%
MRO	B	0.11%
LYB	F	0.11%
EQT	B	0.11%
RJF	A	0.11%
BURL	A	0.11%
WSM	B	0.11%
GRMN	B	0.1%
DRI	B	0.1%
AON	A	0.1%
TROW	B	0.1%
PEG	A	0.1%
STT	A	0.1%
FLEX	A	0.1%
RPM	A	0.1%
SW	A	0.1%
LPLA	A	0.1%
CTRA	B	0.1%
UTHR	C	0.1%
FIX	A	0.1%
JBL	B	0.1%
NVR	D	0.1%
KMI	A	0.1%
MCO	B	0.1%
FSLR	F	0.1%
MSTR	C	0.09%
MO	A	0.09%
VTRS	A	0.09%
LVS	C	0.09%
CVNA	B	0.09%
SPGI	C	0.09%
EXPD	D	0.09%
EQH	B	0.09%
MMC	B	0.09%
SLB	C	0.09%
GLW	B	0.09%
PFG	D	0.09%
COR	B	0.09%
IT	C	0.09%
PH	A	0.09%
HSY	F	0.09%
EIX	B	0.09%
PWR	A	0.09%
UBER	D	0.09%
TXRH	C	0.09%
CF	B	0.09%
LII	A	0.09%
CNC	D	0.08%
OVV	B	0.08%
EG	C	0.08%
EW	C	0.08%
JBHT	C	0.08%
RGA	A	0.08%
BG	F	0.08%
GDDY	A	0.08%
LUV	C	0.08%
BJ	A	0.08%
FICO	B	0.08%
SNA	A	0.08%
DKS	C	0.08%
RF	A	0.08%
AEE	A	0.08%
CTVA	C	0.08%
TPR	B	0.08%
FNF	B	0.08%
COIN	C	0.08%
JEF	A	0.08%
HPE	B	0.08%
FTI	A	0.08%
ED	D	0.08%
CASY	A	0.08%
NCLH	B	0.08%
DFS	B	0.08%
CFG	B	0.08%
EWBC	A	0.08%
SQ	B	0.07%
ICE	C	0.07%
DTE	C	0.07%
L	A	0.07%
SWKS	F	0.07%
CINF	A	0.07%
WCC	B	0.07%
MOH	F	0.07%
PAYC	B	0.07%
MCK	B	0.07%
SAIA	B	0.07%
JXN	C	0.07%
WRB	A	0.07%
MLI	C	0.07%
SPOT	B	0.07%
SYY	B	0.07%
TOL	B	0.07%
INGR	B	0.07%
RMD	C	0.07%
POOL	C	0.07%
CI	F	0.07%
PPL	B	0.07%
RS	B	0.07%
MUSA	A	0.07%
NEE	D	0.07%
FI	A	0.07%
BLDR	D	0.07%
TDG	D	0.07%
RNR	C	0.07%
SRE	A	0.07%
PRI	A	0.07%
EXP	A	0.07%
UNM	A	0.06%
ALLY	C	0.06%
PR	B	0.06%
VLTO	D	0.06%
COKE	C	0.06%
KVUE	A	0.06%
WAL	B	0.06%
UHS	D	0.06%
CMA	A	0.06%
LECO	B	0.06%
IFF	D	0.06%
ATI	D	0.06%
GL	B	0.06%
BA	F	0.06%
WMS	D	0.06%
CMS	C	0.06%
CARR	D	0.06%
MANH	D	0.06%
GPC	D	0.06%
GNRC	B	0.06%
AFG	A	0.06%
GPK	C	0.06%
CLX	B	0.06%
A	D	0.06%
BWXT	B	0.06%
FIS	C	0.06%
DCI	B	0.06%
PFGC	B	0.06%
DG	F	0.06%
ANF	C	0.06%
KEYS	A	0.06%
DD	D	0.06%
LPX	B	0.06%
NTAP	C	0.06%
ECL	D	0.06%
CBRE	B	0.06%
BALL	D	0.06%
AES	F	0.06%
VMI	B	0.05%
ORI	A	0.05%
ENSG	D	0.05%
AZO	C	0.05%
CROX	D	0.05%
NOC	D	0.05%
MSCI	C	0.05%
ZM	B	0.05%
CVS	D	0.05%
TAP	C	0.05%
TSN	B	0.05%
WFRD	D	0.05%
MOS	F	0.05%
FOXA	B	0.05%
SKX	D	0.05%
JLL	D	0.05%
AJG	B	0.05%
RHI	B	0.05%
PNW	B	0.05%
WBS	A	0.05%
MKTX	D	0.05%
ZBH	C	0.05%
ARW	D	0.05%
CBT	C	0.05%
HUM	C	0.05%
WTFC	A	0.05%
VMC	B	0.05%
ATO	A	0.05%
CHD	B	0.05%
MTDR	B	0.05%
AAON	B	0.05%
D	C	0.05%
GD	F	0.05%
TER	D	0.05%
HPQ	B	0.05%
SNOW	C	0.05%
KMX	B	0.05%
BWA	D	0.05%
ALV	C	0.05%
PPG	F	0.05%
AXON	A	0.05%
HUBS	A	0.05%
EVRG	A	0.05%
TXT	D	0.05%
CHRD	D	0.05%
VEEV	C	0.05%
STZ	D	0.05%
AIZ	A	0.05%
WAT	B	0.05%
UFPI	B	0.05%
ZION	B	0.05%
IR	B	0.05%
LNTH	D	0.05%
AIT	A	0.05%
GGG	B	0.05%
FYBR	D	0.05%
WST	C	0.05%
HWM	A	0.05%
AME	A	0.05%
AXS	A	0.05%
DOCU	A	0.05%
WSO	A	0.05%
FND	C	0.05%
CRBG	B	0.05%
BDX	F	0.05%
NRG	B	0.05%
R	B	0.05%
HCA	F	0.05%
HOOD	B	0.05%
KNSL	B	0.05%
DELL	C	0.05%
EMR	A	0.05%
HLT	A	0.05%
KEY	B	0.05%
RL	B	0.05%
ATR	B	0.05%
AGCO	D	0.04%
ALNY	D	0.04%
RSG	A	0.04%
EVR	B	0.04%
DTM	B	0.04%
AWI	A	0.04%
SSD	D	0.04%
TWLO	A	0.04%
LNT	A	0.04%
STE	F	0.04%
KNX	B	0.04%
FMC	D	0.04%
SNX	C	0.04%
KEX	C	0.04%
NBIX	C	0.04%
HUBB	B	0.04%
NSIT	F	0.04%
PSTG	D	0.04%
JCI	C	0.04%
XPO	B	0.04%
XYL	D	0.04%
YUM	B	0.04%
IQV	D	0.04%
DINO	D	0.04%
FN	D	0.04%
LH	C	0.04%
ROK	B	0.04%
CMC	B	0.04%
CPAY	A	0.04%
NET	B	0.04%
CRUS	D	0.04%
ALGN	D	0.04%
APTV	D	0.04%
TYL	B	0.04%
MTG	C	0.04%
OGE	B	0.04%
WCN	A	0.04%
OTIS	C	0.04%
HII	D	0.04%
TREX	C	0.04%
ITT	A	0.04%
KBH	D	0.04%
KD	B	0.04%
WEC	A	0.04%
AXTA	A	0.04%
SOFI	A	0.04%
RRC	B	0.04%
CLH	B	0.04%
BR	A	0.04%
JKHY	D	0.04%
JAZZ	B	0.04%
CRS	A	0.04%
FHN	A	0.04%
WAB	B	0.04%
GAP	C	0.04%
LSTR	D	0.04%
EPAM	C	0.04%
SF	B	0.04%
CBSH	A	0.04%
FDS	B	0.04%
AYI	B	0.04%
CHX	C	0.04%
CFR	B	0.04%
OMF	A	0.04%
EXPE	B	0.04%
MPWR	F	0.04%
EMN	D	0.04%
MHK	D	0.04%
DOX	D	0.03%
MEDP	D	0.03%
LDOS	C	0.03%
GWRE	A	0.03%
IBKR	A	0.03%
COHR	B	0.03%
MOD	A	0.03%
SCI	B	0.03%
LAD	A	0.03%
IBP	D	0.03%
CHRW	C	0.03%
BCC	B	0.03%
BLD	D	0.03%
G	B	0.03%
GMED	A	0.03%
TKR	D	0.03%
DY	D	0.03%
IEX	B	0.03%
FAF	A	0.03%
ENLC	A	0.03%
UHAL	D	0.03%
RLI	B	0.03%
GME	C	0.03%
NWSA	B	0.03%
FFIV	B	0.03%
X	C	0.03%
ROL	B	0.03%
AFRM	B	0.03%
HALO	F	0.03%
OLN	D	0.03%
PEGA	A	0.03%
NYT	C	0.03%
CTLT	B	0.03%
AWK	D	0.03%
ZBRA	B	0.03%
MTZ	B	0.03%
PODD	C	0.03%
HLNE	B	0.03%
WWD	B	0.03%
EXPO	D	0.03%
NU	C	0.03%
VOYA	B	0.03%
BMRN	D	0.03%
STX	D	0.03%
CBOE	B	0.03%
MTD	D	0.03%
LHX	C	0.03%
WDC	D	0.03%
MUR	D	0.03%
AM	A	0.03%
PVH	C	0.03%
AKAM	D	0.03%
HOLX	D	0.03%
GNTX	C	0.03%
EHC	B	0.03%
RGLD	C	0.03%
EXEL	B	0.03%
RIVN	F	0.03%
INCY	C	0.03%
ESNT	D	0.03%
MAT	D	0.03%
SEIC	B	0.03%
AA	B	0.03%
GIS	D	0.03%
DOV	A	0.03%
PTC	A	0.03%
K	A	0.03%
ALK	C	0.03%
CW	B	0.03%
SSB	B	0.03%
CAH	B	0.03%
BPOP	B	0.03%
VFC	C	0.03%
TTC	D	0.03%
TDY	B	0.03%
CIEN	B	0.03%
BAH	F	0.03%
CIVI	D	0.03%
APA	D	0.03%
AR	B	0.03%
PNFP	B	0.03%
LEA	D	0.03%
CLF	F	0.03%
CVLT	B	0.03%
AVY	D	0.03%
HRB	D	0.03%
SNV	B	0.03%
AOS	F	0.03%
ONB	B	0.03%
PCTY	B	0.02%
PNR	A	0.02%
EXLS	B	0.02%
LNW	D	0.02%
ROIV	C	0.02%
MSA	D	0.02%
BRO	B	0.02%
BC	C	0.02%
INSM	C	0.02%
FRPT	B	0.02%
MAS	D	0.02%
RBC	A	0.02%
TRU	D	0.02%
PPC	C	0.02%
OMC	C	0.02%
SWK	D	0.02%
CHH	A	0.02%
QRVO	F	0.02%
OKTA	C	0.02%
HRL	D	0.02%
ARMK	B	0.02%
FCN	D	0.02%
BAX	D	0.02%
MDU	D	0.02%
NVT	B	0.02%
HOMB	A	0.02%
ALSN	B	0.02%
OZK	B	0.02%
WTW	B	0.02%
FSS	B	0.02%
ROKU	D	0.02%
OLED	D	0.02%
ONTO	D	0.02%
CNM	D	0.02%
NOV	C	0.02%
HAS	D	0.02%
SIGI	C	0.02%
DAR	C	0.02%
BRKR	D	0.02%
BMI	B	0.02%
HLI	B	0.02%
ARES	A	0.02%
FLR	B	0.02%
GLOB	B	0.02%
JHG	A	0.02%
FE	C	0.02%
OLLI	D	0.02%
Z	A	0.02%
LYV	A	0.02%
MMSI	B	0.02%
AMCR	D	0.02%
MOG.A	B	0.02%
CHE	D	0.02%
FLS	B	0.02%
DOCS	C	0.02%
TOST	B	0.02%
LFUS	F	0.02%
TECH	D	0.02%
SWX	B	0.02%
ES	D	0.02%
CCK	C	0.02%
FBIN	D	0.02%
VRSN	F	0.02%
LW	C	0.02%
EFX	F	0.02%
MTH	D	0.02%
SN	D	0.02%
EL	F	0.02%
DT	C	0.02%
CNP	B	0.02%
COOP	B	0.02%
CG	A	0.02%
NEM	D	0.02%
ENTG	D	0.02%
OSK	B	0.02%
CSWI	A	0.02%
PINS	D	0.02%
FOX	A	0.02%
M	D	0.02%
HESM	B	0.02%
MGY	A	0.02%
PCVX	D	0.02%
NTRA	B	0.02%
NDAQ	A	0.02%
JNPR	F	0.02%
QLYS	C	0.02%
TW	A	0.02%
IVZ	B	0.02%
SON	D	0.02%
RVTY	F	0.02%
THC	D	0.02%
TMHC	B	0.02%
AMKR	D	0.02%
RVMD	C	0.02%
MASI	A	0.02%
CHDN	B	0.02%
LBRDK	C	0.02%
CADE	B	0.02%
TRMB	B	0.02%
ALLE	D	0.02%
TPX	B	0.02%
ERIE	D	0.02%
ACM	A	0.02%
RPRX	D	0.02%
TFX	F	0.02%
WLK	D	0.02%
NTNX	A	0.02%
NI	A	0.02%
PB	A	0.02%
SATS	D	0.02%
SNAP	C	0.01%
LYFT	C	0.01%
HEI	B	0.01%
SEE	C	0.01%
RMBS	C	0.01%
ELF	C	0.01%
FLUT	A	0.01%
H	B	0.01%
PAG	B	0.01%
NEU	C	0.01%
SMMT	D	0.01%
IONS	F	0.01%
ADTN	A	0.01%
PI	D	0.01%
RRX	B	0.01%
ZG	A	0.01%
CE	F	0.01%
BBWI	D	0.01%
CFLT	B	0.01%
TNET	D	0.01%
CYTK	F	0.01%
CHWY	B	0.01%
LCID	F	0.01%
AAL	B	0.01%
GTLS	B	0.01%
U	C	0.01%
CWEN	C	0.01%
TDW	F	0.01%
EXAS	D	0.01%
RGEN	D	0.01%
LEN	D	0.01%
VAL	D	0.01%
NOVT	D	0.01%
VERX	B	0.01%
SUM	B	0.01%
ALTR	B	0.01%
WYNN	D	0.01%
CACC	D	0.01%
PEN	B	0.01%
WTRG	B	0.01%
CAG	D	0.01%
CPB	D	0.01%
DKNG	B	0.01%
NDSN	B	0.01%
GXO	B	0.01%
HQY	B	0.01%
NXST	C	0.01%
PATH	C	0.01%
AVAV	D	0.01%
NWS	B	0.01%
HXL	D	0.01%
ESAB	B	0.01%
DDS	B	0.01%
BRBR	A	0.01%
PCOR	B	0.01%
NPAB	B	0.01%
ACHC	F	0.01%
PSN	D	0.01%
IPG	D	0.01%
DLB	B	0.01%
FOUR	B	0.01%
MORN	B	0.01%
HEI	B	0.01%
GTLB	B	0.01%
HSIC	B	0.01%
BROS	B	0.01%
MTN	C	0.01%
SOLV	C	0.01%
MKSI	C	0.01%
KRYS	B	0.01%
AGR	B	0.01%
BILL	A	0.01%
CWAN	B	0.01%
RRR	D	0.01%
LSCC	D	0.01%
ESTC	C	0.01%
UI	A	0.01%
CWST	A	0.01%
SSNC	B	0.01%
DBX	B	0.01%
VRNS	D	0.01%
LKQ	D	0.01%
DUOL	A	0.01%
MTCH	D	0.01%
ATKR	C	0.01%
BSY	D	0.01%
BECN	B	0.01%
VNT	B	0.01%
CACI	D	0.01%
USFD	A	0.01%
APPF	B	0.01%
AVTR	F	0.01%
PARA	C	0.01%
MARA	C	0.01%
BOKF	B	0.01%
OGN	D	0.01%
SJM	D	0.01%
GPN	B	0.01%
J	F	0.01%
RYAN	B	0.01%
SRPT	D	0.01%
RBLX	C	0.01%
BERY	B	0.01%
MTSI	B	0.01%
KBR	F	0.01%
IDA	A	0.01%
XP	F	0.01%
LEVI	F	0.01%
WEX	D	0.01%
CRL	C	0.01%
MGM	D	0.01%
BEN	C	0.01%
AZEK	A	0.01%
MIDD	C	0.01%
BCPC	B	0.01%
ENPH	F	0.01%
DGX	A	0.01%
NFG	A	0.01%
LUMN	C	0.01%
AN	C	0.01%
BYD	C	0.01%
VVV	F	0.01%
SPSC	C	0.01%
WTS	B	0.01%
BIO	D	0.01%
SMAR	A	0.01%
TTEK	F	0.01%
PLNT	A	0.01%
ZWS	B	0.01%
LNC	B	0.01%
MDGL	B	0.01%
MKC	D	0.01%
WSC	D	0.01%
GKOS	B	0.01%
PFSI	D	0.01%
SITE	D	0.01%
WING	D	0.01%
DVA	B	0.01%
IOT	A	0.01%
VKTX	F	0.01%
AL	B	0.01%
PBF	D	0.01%
FTV	C	0.01%
THO	B	0.01%
ELAN	D	0.01%
FIVE	F	0.01%
SM	B	0.01%
CR	A	0.01%
WH	B	0.01%
ALB	C	0.01%
LANC	C	0.01%
ITCI	C	0.01%
AUR	C	0.01%
CELH	F	0.01%
S	B	0.01%
DPZ	C	0.01%
CGNX	C	0.01%
NVST	B	0.0%
TPG	A	0.0%
CRSP	D	0.0%
WOLF	F	0.0%
WHR	B	0.0%
RARE	D	0.0%
AGL	F	0.0%
EMBC	C	0.0%
KLG	C	0.0%
HIMS	B	0.0%
SEDG	F	0.0%
COTY	F	0.0%
FG	B	0.0%
CNXC	F	0.0%
FFIN	B	0.0%
IMVT	F	0.0%
DXC	B	0.0%
RNA	D	0.0%
SPB	C	0.0%
TXG	F	0.0%
SIRI	C	0.0%
WBA	F	0.0%
SAM	C	0.0%
UGI	A	0.0%
BRZE	C	0.0%
CRVL	A	0.0%
BBIO	F	0.0%
GBCI	B	0.0%
UHAL	D	0.0%
AGO	B	0.0%
APLS	D	0.0%
IPGP	D	0.0%
INFA	D	0.0%
FNB	A	0.0%
PLUG	F	0.0%
ZI	D	0.0%
ALKS	B	0.0%
FIZZ	C	0.0%
CWEN	C	0.0%
TDC	D	0.0%
RDN	C	0.0%
HCP	B	0.0%
CAR	C	0.0%
EEFT	B	0.0%
HRI	B	0.0%
SNDR	B	0.0%
WK	B	0.0%
TENB	C	0.0%
FLO	D	0.0%
ALIT	C	0.0%
FRHC	B	0.0%
ST	F	0.0%
LBRDA	C	0.0%
OPCH	D	0.0%
W	F	0.0%
NFE	D	0.0%
BIRK	D	0.0%
OWL	A	0.0%
INSP	D	0.0%
ESI	A	0.0%
CRDO	B	0.0%
CZR	F	0.0%
MMS	F	0.0%
AMG	B	0.0%
COLB	A	0.0%
POST	C	0.0%
ACT	D	0.0%
ETSY	D	0.0%
BFAM	D	0.0%
XRAY	F	0.0%
REYN	D	0.0%
CNA	B	0.0%
NUVL	D	0.0%
DAY	B	0.0%
RDDT	B	0.0%
TMDX	F	0.0%
SAIC	F	0.0%
ALGM	D	0.0%
ZETA	D	0.0%
RBRK	A	0.0%
RH	B	0.0%
SLGN	A	0.0%
TKO	B	0.0%
APG	B	0.0%
BPMC	C	0.0%

AVLC Underweight 4 Positions Relative to QLD

Symbol	Grade	Weight
PDD	F	-0.35%
ASML	F	-0.29%
CCEP	C	-0.16%
ARM	D	-0.08%